The first VLCC sales since the middle of June are appearing in broking reports. The 14-year-old, Japanese-built Apollo Harmony has been sold by Idemitsu Tanker for $58m to unspecified Greek interests. The scrubber-fitted vessel has dry-docked recently and just passed its special survey. Meanwhile, Patria Nusasegara from Indonesia has recorded a today profit from theRead More
Ralph Lauren has posted a modest increase in sales and a surge in profit for the first quarter despite a challenging luxury market. The company’s revenue for the quarter ended June 29 was $1.5 billion, up 1 percent on a reported basis and 3 percent in constant currency. According to GlobalData MD Neil Saunders, theRead More
Electronics retailers are hoping that the iPhone 15, which is set to be launched in a week, will help stimulate demand amid a challenging year. As the smartphone market in Vietnam saw sales plunging 25% year-on-year in the first six months, major retail chains are preparing to compensate for the drop with the iPhone 15,Read More
Labor Day may mark the unofficial end to summer and the beginning of the school year for many students, but it’s also one of the last big sales weekends before the holiday shopping season ramps up ahead of Black Friday (and Amazon’s next not-Prime Day event). Now that Labor Day has officially arrived, we’ve beenRead More
Nvidia and AMD say they face new restrictions in some Middle Eastern countries, Reuters reports. This widens the restrictions on these chips beyond China and Russia. The new licensing requirement applies to “a subset” of Nvidia’s top-end chips, the company said. In response, the Biden administration said it “has not blocked” chip sales to theRead More
Listed Australian olive oil grower and processor Cobram Estate Olives, has recorded a 21 percent year-on-year boost in sales, to $169 million for the last financial year as its foray into the US pays off. The majority of the sales – $117 million – were from its Cobram Estate brand – the top-selling olive oilRead More
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